Future trends in IM: Human-machine co-creation in the rise of AI

Abstract

The emergence of Artificial Intelligence (AI) is creating new dimensions and redefining the concept and meaning of work in industrial settings. Documented success has been reported where AI is transforming industrial scenes such as scaling large operation processes, speed of execution, flexibility of processes where rigid manufacturing by dumb robots is replaced with smart individualized production following real-time customer choices, decision-making in which a huge amount of data can be quickly available at the fingertips of workers on the factory floor or even prevent problems before they happen, and personalization where AI uses data to deliver personalized user experience. According to the market research firm Trac tica, the global AI software market is expected to experience massive growth in the coming years, with revenues increasing from around US 9.5 billion in 2018 to an expected US 118.6 billion by 2025.